Name: 49. The natural business year is a fiscal year that ends when business activities are at its lowest point. b. is a calendar year that ends when business activities are at its lowest point. is a fiscal year that ends when business activities are at its highest point. c. d. is a calendar year that ends when business activities are at its highest point. 50. Net income appears on the work sheet in the a. b. c. d. debit column of the Balance Sheet columns debit column of the Adjustments columns debit column of the Income Statement columns credit column of the Income Statement columns Problem 2009 for Finnegan Co. Adjusted Trial Balance columns of the work sheet for April 30. Accumulated Depreciation Fees Earned Depreciation Expense Rent Expense Prepaid Insurance Supplies Supplies Expense $ 32,000 78,000 7,250 34,000 6,000 400 1,800 Prepare an income statement 2. Determine the missing amount for each of the following Liabilities $13,000 Owner's Equity $16,000 $34,000 $55,000 $39,000 s 17,000 Indicate whether each of the following represents an asset, liability, or owner's equity (a) accounts payable (b) wages expense (c) capital (d) accounts receivable (e) withdrawal ( land 10